UTILITIESPENDING

City Weighs Verizon Wireless Cell Site Lease Renewal

The City of Valparaiso is considering a Verizon Wireless proposal to renew and amend its cell site lease, which would adjust monthly rent to $1,975 starting October 1, 2029 with 15 percent escalations every five years and add four additional five‑year renewal terms. Verizon also offers an option for a $350,000 lump sum payment in exchange for a perpetual easement on the property, along with expanded operational rights and a right of first refusal on future communications‑related transactions.

Status
PENDING
Document date
July 13, 2026
Contract type
UTILITIES
Vendor
Verizon Wireless
Agency
City of Valparaiso · FL

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,975.00 monthly commencing 10/1/2029; optional one-time lump sum payment of $350,000 for perpetual easement
Contract type
UTILITIES
Contract term
Lease extension starting October 1, 2029 with four additional 5‑year renewal terms (potentially through October 1, 2049); perpetual easement option
Renewal date
2049-10-01
Renewal
Proposal contemplates continuation of the existing lease through 9/30/2029, then a renewal starting 10/1/2029 with four optional five‑year extension terms and a 15% rent escalator every five years. An alternative structure is a perpetual easement funded by a $350,000 lump sum payment, which would supersede the term‑based lease. No automatic renewal is effective until a written amendment is executed by both parties.
Document type
AgendaPacket
Source document
City of Valparaiso Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the utilities contract by City of Valparaiso?

Verizon Wireless was awarded this utilities contract by City of Valparaiso, as recorded on July 13, 2026. The contract value is $1,975.00 monthly commencing 10/1/2029; optional one-time lump sum payment of $350,000 for perpetual easement.

How much is the Verizon Wireless contract with City of Valparaiso worth?

The Verizon Wireless contract with City of Valparaiso is valued at $1,975.00 monthly commencing 10/1/2029; optional one-time lump sum payment of $350,000 for perpetual easement, covering utilities work.

What type of contract is this?

This is a Utilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Valparaiso Agenda Packet 2026-07-13 (AgendaPacket), dated July 13, 2026 from City of Valparaiso. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Verizon Wireless hold?

Verizon Wireless may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Valparaiso currently buying?

Explore City of Valparaiso's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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